Power REIT (NYSE:PW) Shares Up 0.8% – Should You Buy?

Power REIT (NYSE:PW)’s stock price was up 0.8% on Thursday . The company traded as high as $1.00 and last traded at $0.9903. Approximately 16,342 shares traded hands during trading, a decline of 83% from the average daily volume of 98,182 shares. The stock had previously closed at $0.9827.

Power REIT Price Performance

The company has a debt-to-equity ratio of 15.62, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $3.36 million, a price-to-earnings ratio of -0.14 and a beta of 1.51. The stock has a 50 day moving average price of $0.91 and a two-hundred day moving average price of $1.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Power REIT stock. Pensionfund Sabic acquired a new stake in Power REIT (NYSE:PW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,948 shares of the company’s stock, valued at approximately $26,000. Pensionfund Sabic owned 0.88% of Power REIT at the end of the most recent quarter. 14.65% of the stock is currently owned by institutional investors and hedge funds.

Power REIT Company Profile

Power REIT is a real estate investment trust focused on acquiring and managing rural properties that support sustainable energy and agricultural uses. The company’s primary business activities involve purchasing farmland and timberland and granting long-term easements to renewable energy developers and utilities for solar and wind projects. By combining traditional land ownership with energy-transition partnerships, Power REIT seeks to generate stable, lease-based cash flows while preserving the underlying real estate’s value.

The firm’s portfolio includes solar and wind easements on timberland in states such as Virginia, Alabama and Georgia, as well as farmland in the Midwest leased to agricultural operators.